The owner of India Premier League cricket champions Royal Challengers Bengaluru is considering selling the team, which could be worth “as much as $2 billion”.

United Spirits Ltd, the Indian arm of global drinks giant Diageo, told the Mumbai Stock Exchange that it had begun a “strategic review of the investment” in Royal Challengers Bengaluru (RCB).

Praveen Someshwar, United Spirits CEO, said it “has been a valuable and strategic asset” but that it was “non-core to our alcobev business” in a letter dated Wednesday.

“This step reinforces USL’s and Diageo’s commitment to continue reviewing its India enterprise portfolio,” he added, while keeping RCB’s “best interest in mind”.

The review, expected to conclude in March next year, is of Royal Challengers Sports Pvt, the owner of both the men

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